1. Prepare depreciation schedules using Straight-Line, Activity Based, and Double-Declining Balance Depreciation. Finance Depreciation Schedules - Excel 7 FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign in Calibri 11 AA > Paste BIU- Alignment Number Conditional Format as Cell Cells Formatting Table Styles Clipboard Font Styles Al Sullivan Ranch Corporation has purchased a new tractor. The following B D E F 1 Sullivan Ranch Corporation has purchased a new tractor. The following information is given: 2 3 Cost: $ 150.000 4 Estimated Residual: $ 10,000 5 Estimated Life in years 6 Estimated Life in hours: 1200 7 Actual Hours: 8 Year 1 360 9 Year 2 270 10 Year 3 350 11 Year 4 220 12 Prepare the following Straight Line depreciation schedule by using the excel SLN FUNCTION (Ex) to calculate the 13 Depreciation Expense for Years 1-4 in the Depreciation Expense column. Enter formulas or absolute cell references for the remaining cells. 14 SULLIVAN RANCH CORPORATION Depreciation Schedule Straight Line Method End of year amounts Year Depreciation Accumulated Book Value Expense Depreciation 1 2 3 4 Total Prepare the following Units-of-Production depreciation schedule by entering formulas. Use absolute cell references when appropriate. SULLIVAN RANCH CORPORATION Depreciation Schedule-Units-of-Production Method End of year amounts Year Depreciation Accumulated Book Value Expense Depreciation 1 2 3 4 Total Prepare the following Double-Declining-Balance depreciation schedule by using the Excel DDB FUNCTION (fx) to calculate Depreciation Expense for Years 1-4 in the Depreciation Expense column. Enter formulas or absolute cell references for the remaining cells. SULLIVAN RANCH CORPORATION Depreciation Schedule-Double-Declining-Balance Method End of year amounts Year Depreciation Accumulated Book Value Expense Depreciation 1 2 3 4 Total 3